Category Archives: Management

“We are excited for the future of KURE Corp. As KURE’s Franchise continues to exceed expectations and lead its industry, we stand behind this company’s every move.” says Martin Sumichrast, Chairman, Level Brands

CHARLOTTE, N.C., Sept. 1, 2015 /PRNewswire/ — It didn’t take long for interest in KURE franchises to heat up.

Benjamin said that KURE is uniquely positioned to take advantage of the vaping industry’s evolution from an underground movement to a mainstream phenomenon. According to industry research, one in every 10 Americans are now vaping or using e-cigarettes and the retail vaping industry is expected to reach $3.5 billion in 2015, which more than doubles what industry analysis had predicted in 2013.

LOS ANGELES, CA–(Marketwired – August 13, 2015) – Social Reality, Inc.(OTCQB: SCRI).Revenue for the quarter ended June 30, 2015 was $10,761,573, an increase of 3,786% over the second quarter of 2014, and a 168% increase over the first quarter of 2015.

Balance Sheet as of June 30, 2015

Cash and cash equivalents totaled $1,515,726 on June 30, 2015. Current assets and total assets were $10,784,710 and $32,101,129, respectively, while current liabilities and total liabilities were $17,045,848 and $27,533,988, respectively. As of June 30, 2015, the company had stockholders’ equity of $4,567,141, a 15% sequential increase over $3,963,032 at March 31, 2015.

KURE has dramatically elevated the meaning of consumer experience in the vaping industry with its unique, up-scale KURE Vaporium & Lounge, featuring “industrial-chic” decor as well as a welcoming and knowledgeable staff of “Kurators”. Each location is well-stocked with the most recognized brands and products, including KURE’s own premium line of vapor hardware and e-Juices.

“We continue to be impressed at KURE’s sense of timing and execution. The franchising capability now paves the way for KURE to significantly increase its revenues, not only at a store level, but at a much larger scale by being able to pursue new markets and territories with a strong franchise and support model unique to its industry, which can ultimately develop into a much larger global opportunity for KURE,” said Martin Sumichrast, Chairman of Level Brands Inc and Chairman of KURE Corp.

“Dave Peterson and his team have demonstrated within a very short period of time how they are able to successfully execute on their business plan with clear vision and focus. This is becoming an increasingly competitive market riddled with uncertainty in regulation and consumer opinion. However, KURE has gone above and beyond those challenges by continuously innovating its products and customer experience. In our opinion, KURE has cleared one of the most difficult market obstacles by bridging adoption by all types of consumers”, said Martin Sumichrast, Chairman of Level Brands.

The capital raised will be used primarily to expand KURE’s retail store expansion in the United States. Currently, KURE has successfully opened KURE Vaporium stores in the Charlotte, North Carolina area and in Boca Raton, Florida. Three additionalCharlotte area stores are currently in the build-out stages and are scheduled to open within the next three months. The Boca Ratonstore, which opened early May of this year, has its grand opening party set for June 13th.